Expo Holdings, Inc. Provides Shipment Update
28 9월 2009 - 10:39PM
Marketwired
Expo Holdings, Inc. (PINKSHEETS: EXPH) provides shipment update.
The company expects to complete shipment to over 1600 Lowe's
Home Improvement locations by September 29th, 2009, when the
company ships its final shipment of approximately 350 displays.
Additionally, due to the excellent execution of the original order,
an additional order is expected in the very near future. This order
is expected to be similar in size, nature and scope as the original
order. The company will make a formal announcement once a purchase
order is received.
Unrelated to the aforementioned shipments, the company continues
to fulfill shipments to Lowe's Home Improvement locations by
completing week 2 of shipments on time. The company is currently
producing and shipping approximately 2.5 truckloads of various
re-merchandising displays per day, and expects this to continue
into the foreseeable future. For clarification purposes this is
based on a 4 day shipment routine.
The company operates 5 days per week, however, most hourly
associates usually work four ten hour days. This allows the
company, and the associate greater flexibility while improving the
company's operational efficiency. This has been a company practice
since late 2008.
James D. Brown, CEO, stated, "Usually 2/3rds or more of our
annualized sales are completed in the last half of the year. This
year will be no exception. While we are pleased to have maintained
a profitable status for the first half of the year; we are
unsatisfied with our overall sales performance. We look forward to
revealing increased 3rd quarter performance as a direct result of
increasing demand. Additionally, sales guidance for the year
remains as previously stated. Second quarter financials will soon
be posted to pinksheets.com."
The company will be hosting a shareholder meeting during the 4th
quarter of 2009, at its headquarters in North Wilkesboro, NC. This
will be a great opportunity, for shareholders to meet our
management team, share their views, as well as learn about the
company's growth plans for 2010. Additional information will be
forthcoming.
Expo Holdings operates in North Wilkesboro, NC. D&D Displays
is a wholly owned subsidiary of Expo Holdings, which specializes in
custom cabinetry and high end store fixtures for retail vendors
such as Newell-Rubbermaid, Inc., Bosch Tool Corporation, Kronotex,
USA, and Lowe's Companies. D&D Displays has been in operation
since 2000 and joined Expo Holdings in 2006.
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the Securities Act of 1934. Statements contained in this
release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
Contact: J.D. Brown D&D Displays, Inc. 336-667-8765
www.expoholding.com
Expo (CE) (USOTC:EXPH)
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Expo (CE) (USOTC:EXPH)
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